Buy-to-let forecast shows no concerns

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Specialist lender Mortgage Trust says its buy-to-let forecast based on the view of a panel of mortgage intermediaries suggests there are no signs of calamity in the sector.

This contradicts last week’s news from Halifax, which forecast a fall in house prices next year – however a dip in the market is exactly what many panelists suggest landlords are looking for in order to pick up good property deals. MT - formerly Britannic Money and now part of Paragon Group – says its forecast suggests just 13% of the mortgage intermediaries expect to write less business in the next three months. Some 47% expect to write more business, while 40% expect to do the same amount of business as in the past calendar quarter. Increasing rents and “bargaining power” on the ...

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